All Financial results articles – Page 34
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News briefs
LVMH saw ‘rather vigorous’ signs of recovery in June
The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns that second-quarter results ...
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ArticleEssilorLuxottica sees first signs of recovery
EssilorLuxottica is seeing the “first signs of recovery” as lockdowns introduced worldwide to slow down the spread of the Covid-19 pandemic are lifted. In a prepared message delivered to shareholders at the company’s annual general meeting, the executive chairman Leonardo Del Vecchio and executive vice-chairman Hubert Sagnières indicate that the ...
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ArticleRodenstock completes a €75 million capital increase
Rodenstock has obtained funds from its shareholders to finance its development while its business is recovering faster than expected from the coronavirus crisis.
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Article
CooperVision sees Q3 sales fall after 17% decline in Q2
CooperVision (CVI)’s sales in the second quarter ended on April 30 fell by 17 percent to $402.2 million, as the business highlighted “unprecedented” challenges tied to Covid-19 and the management warned that third-quarter sales could contract by 15 to 20 percent. The parent company CooperCompanies withdrew its full-year guidance due ...
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ArticleMarcolin Q1 sales drop by 28% on Covid-19 impact
In the first quarter of 2020, Marcolin’s revenues fell by 28.0 percent to €93.5 million due to the impact of the Covid-19 pandemic. At constant currency rates, the decline reached 28.6 percent. In January and February, the company was moderately affected by the shutdown of its Chinese suppliers, which are ...
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News briefs
Paris Miki annual sales down by 1.4%
Paris Miki, the Japanese optical retail group, reported annual revenues of 48,307 million yen (€396.0m-$443.6m) for its fiscal year ending March 31, representing a 1.4 percent decrease from the previous year. Comparable store sales were however, up by 0.5 percent. The company reduced its number of stores by 54 units ...
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ArticleItalia Independent lowers its forecasts until 2023
Italia Independent has revised downwards its business plan though 2023 due to the impact of the Covid-19 pandemic. It now expects to post sales of about €40 million in 2023 compared with a previous estimate of €42 million in the business plan approved in November 2019. The revenues are projected ...
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News briefs
Alcon’s Q1 vision care sales up 8% driven by dailies total 1 contact lenses
In the first quarter of 2020, Alcon’s vision care division posted an 8 percent increase in net sales to $838 million. At constant currency rates, the top line rose by 10 percent driven by solid demand for Dailies Total 1 contact lenses, the launch momentum of Precision 1 contact lenses, ...
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News briefs
Modo expects 9.5% drop in first half sales outside the Americas
The Italo-American company Modo expects to book a 9.5 percent drop in revenues for its business outside the Americas in the first half of the year because of the impact of the Covid-19 pandemic. The group consists of a New York-based company for the Americas and one in Milan for ...
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Article
Zeiss claims a higher market position in eyeglass lenses
In reporting its results for the first half of its financial year, ended on March 31, Carl Zeiss said it expanded its position in the market for eyeglass lenses. Without breaking down the figures, it said that the Vision Care division saw growth during the period, but gave no details. ...
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Article
Richemont enjoys strong demand in China but warns that Covid-19 impact may last
As China has become the bellwether on how fast an economy can recover from the Covid-19 crisis, Richemont pointed out that it is currently enjoying strong demand in the country. Nevertheless, it warned that the impact of the virus on the global economy may last a long time.
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Article
Bausch Health’s Q1 revenues flat
Bausch Health’s sales were constrained by the Covid-19 pandemic but the global consumer and international prescription activities of its Bausch + Lomb eye care division posted strong growth. It expects a recovery from the latter part of the second quarter but nevertheless cut its full-year guidance.
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Article
Hoya Q4 eyeglass lens sales down 10%, contact lenses more resilient
Like many others, the Covid-19 outbreak has hit Hoya Corporation in its quarterly results. The Japanese group is, however, upbeat on the prospect of recouping from pent-up demand in the eyeglass segment based on signals from China and South Korea, where the pandemic is vaning.
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Article
Eschenbach in full swing on home turf
Eschenbach has been growing constantly in Germany, becoming the market leader in prescription eyewear. It has also enjoyed strong growth in Europe and the U.S..
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Article
Fedon raises €5 million in financing
Giorgio Fedon, the Italian producer of eyeglass cases, obtained €5 million in financing from two leading Italian banks, as well as some members of the family that control it, to fund its investments. In 2019, it returned to being profitable, albeit marginally.
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ArticleEssilorLuxottica’s Q1 sales drop by 10%
EssilorLuxottica’s first-quarter revenues were down by 10.1 percent from the year-ago quarter to €3,784 million, or by 10.9 percent in constant currencies, due to the impact of the Covid-19 pandemic. But, the company is confident that pent-up demand will underpin sales when the crisis is over. Thanks to its financial ...
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ArticleFielmann’s Q1 sales and profits decline
(updated) Blaming the coronavirus outbreak, Fielmann reported a sharp 74.8 percent drop in net income for the first quarter of 2020, down to €11.8 million, on a 7.0 percent decline in consolidated revenues to €352.9 million for the first quarter of this year. The number of glasses sold fell by ...
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News briefs
Allergan's Q4 revenues up
Allergan’s fourth-quarter revenues rose by 6.6 percent to $4,351million. The group posted an operating loss of $276.6 million for the period compared with an operating loss of $5,384 million a year earlier. On an adjusted basis, it booked an operating income of $2.079 million, up by 8.4 percent. Allergan expects ...
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News briefs
Kering Eyewear feeds its parent
Kering Eyewear contributed revenues of €474 million to the turnover of the Kering group in 2019, up by 18.2 percent on a comparable basis from 2018. The rise was fueled by the Gucci, Cartier and Saint Laurent licenses and the takeover of the Montblanc and Balenciaga licenses. With intra-group sales ...
